Freedom Debt Relief How It Works

Published October 2, 2023

The Basics of Freedom Debt Relief

Most people dream of living a debt-free life, but the reality is that many individuals and families are weighed down by financial burdens. That's where Freedom Debt Relief comes in. Founded in 2002, this company has helped over 750,000 people with their debt struggles, negotiating over $10 billion in debt. So, how exactly does Freedom Debt Relief work to help people achieve financial freedom?

At its core, Freedom Debt Relief is a debt settlement company. This means that instead of focusing on monthly payments like credit counseling, they negotiate lump-sum settlements with creditors on behalf of their clients. Clients make monthly deposits into a dedicated account, which is used to fund these settlements. Once a settlement is reached, the creditor agrees to forgive a portion of the debt in exchange for the lump sum payment. This process is repeated until all debts are settled, typically taking 24-48 months. This approach can lead to significant savings for clients, as well as a faster path to being debt-free.

The Initial Consultation

The first step to getting started with Freedom Debt Relief is to schedule a free consultation with one of their certified debt consultants. During this consultation, the consultant will gather information about your debt and finances, including your outstanding balances, interest rates, and any other relevant details. They will also discuss your budget and determine if debt settlement is the right option for you. This initial consultation is free and comes with no obligation to sign up.

After the consultation, if you decide to move forward with Freedom Debt Relief, a personalized program will be created for you. This program will outline the estimated length of the program, potential savings, and the cost of the program, which is a percentage of the enrolled debt amount. Once you approve the program, you will start making monthly deposits into a dedicated account, which will be used for settlements.

Negotiations with Creditors

One of the biggest benefits of working with Freedom Debt Relief is that they handle all negotiations with your creditors on your behalf. Their team of experienced negotiators knows the ins and outs of debt settlement and has established relationships with creditors. This allows them to secure the best possible settlements for their clients.

As your deposit account grows, Freedom Debt Relief will begin negotiating settlements with your creditors. It's important to note that not all creditors will agree to a settlement, but the team will continue to work on your behalf until all debts are settled. Once a settlement is reached, you will have the option to either accept or reject it. If you accept, the funds from your deposit account will be used to make the lump sum payment to the creditor. This process continues until all debts are settled.

Support and Communication

Throughout the debt settlement process, Freedom Debt Relief provides ongoing support and communication to their clients. You will have access to an online account where you can track your progress and see which settlements have been made. You will also have a dedicated client services team that you can contact with any questions or concerns. In addition, the company offers educational resources and tools to help you manage your finances and stay on track towards becoming debt-free.

After all debts are settled, Freedom Debt Relief will provide you with a certificate of completion and offer guidance and resources to help you rebuild your credit and maintain your financial freedom. While the debt settlement process may not be easy, Freedom Debt Relief aims to make it as seamless and stress-free as possible for their clients.

The Success of Freedom Debt Relief

Freedom Debt Relief has helped countless individuals and families achieve financial freedom through their debt settlement program. They have an impressive track record of success, with the majority of their clients completing the program within 24-48 months and saving significant amounts of money. In addition, the company has received numerous positive reviews and testimonials from satisfied clients, praising their professionalism, communication, and results.

By understanding how Freedom Debt Relief works, you can see how this company is helping people across the nation overcome their debt struggles and move towards a more secure financial future. If you're struggling with debt, consider scheduling a consultation with Freedom Debt Relief and see if their debt settlement program could be the right solution for you. With their support and expertise, you can achieve financial freedom and take control of your finances once and for all.

Once a settlement is reached, you may be wondering how much you will end up paying back. It's important to note that Freedom Debt Relief charges a percentage of the enrolled debt amount, typically ranging from 15% to 25%. This fee is taken from the dedicated account, which is funded by your monthly deposits. While this fee may seem significant, it is often much less than the total amount of debt you would pay back if you continued making minimum payments. Plus, with the potential for significant savings from negotiated settlements, the overall cost of the program can be a wise investment towards your financial future. The success of Freedom Debt Relief also lies in their commitment to transparency and customer satisfaction. They are fully compliant with state and federal laws and are accredited by the American Fair Credit Council and the International Association of Professional Debt Arbitrators. They also have a robust customer satisfaction program and offer a money-back guarantee if you are not satisfied with their services. This dedication to ethical and responsible business practices sets Freedom Debt Relief apart from other debt settlement companies and gives their clients peace of mind knowing they are in good hands. One important thing to keep in mind is that debt settlement may not be the right solution for everyone. It's important to carefully consider your financial situation and goals before enrolling in a debt settlement program. Freedom Debt Relief offers free consultations and encourages potential clients to explore all their options before making a decision. With their expertise and dedication to helping people achieve financial freedom, Freedom Debt Relief continues to be a trusted and effective resource for those struggling with debt.

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